March 23, 2017

The FBAR filing deadline is Tuesday, April 18, 2017. If you are required to file an FBAR, it must be done on or before the April 18 deadline and must be filed electronically through the Bank Secrecy Act (BSA) E-Filing System.

March 21, 2017

SOC 1 reports will look nearly identical under SSAE 18 as they did under SSAE 16, and changes to the reports will be minor, so there is not much that service organizations will have to change, especially Holtzman Partners clients. However, the shift to SSAE 18 does result in 5 main changes.

February 27, 2017

The new accounting guidance on nonprofit financial reporting applies to fiscal years beginning after Dec. 15, 2017 (calendar 2018 for calendar-year organizations); however, early adoption is permitted. So now is a good time to think through the impact the new accounting standards will have on your financial statements.

February 17, 2017

In most cases, participants’ immediate and heavy financial need must be established based on “all relevant facts and circumstances” before they are eligible to request a hardship distribution. Yet, the IRS has established safe harbor rules that automatically consider an employee to have such a need if the distribution is used to cover a few specific expenses.

January 6, 2017

Just as with hardship distributions, it’s up to plan administrators to ensure that participant loans are in full compliance with IRS and DOL regulations, and that the loan process is thoroughly documented.

December 22, 2016

As we approach the end of 2016, companies should consider exploring opportunities to help minimize their 2016 tax bills and plan ahead for 2017. Our summary touches on topics that should have the most impact on the business community.

December 7, 2016

Holtzman Partners hosted clients at the Alamo Drafthouse for our fourth annual client CPE event. The complete slide presentation is now available for download.

January 15, 2016

Hiring a qualified CPA firm to conduct your employee benefit plan audit is critical to avoiding fines and penalties from the Department of Labor. We outline the eight things you should discuss with a prospective auditor before entering into an engagement.

December 9, 2015

Holtzman Partners hosted clients at the Alamo Drafthouse for our third annual client CPE event. The complete slide presentation is now available for download.

November 4, 2015

Companies often overlook certain areas in the accounting guidance that can significantly impact the financial results of all parties involved in an M&A transaction. Be aware of these five important aspects of a business combination.

October 7, 2015

Service Organization Controls (SOC) reports are necessary whether you are a SaaS provider or a business customer of that SaaS provider. We explain why.

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